Took me a while with LYC, but I try to follow these rules:
- Sell the news.
- Don't believe a word from Lynas or the Malaysian government re timeframes. It's wishful thinking on their behalf at best and flat out lies at worst.
- There's always gonna be a shakeout on LYC to give you a great entry, keep some powder dry for it.
- Just be patient, if it races away who cares, but chances are it's gonna get back down near major support and provide a nice entry.
- Buy when everyone's crying on hotcopper, sell when they're all hi-fiving and talking $4 parties.
- Follow mitta's posts, he's a gun at the TA stuff.
Hope that helps :)
monday musings, page-84
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Last
$7.14 |
Change
-0.200(2.72%) |
Mkt cap ! $6.673B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.34 | $7.13 | $39.28M | 5.467M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1546 | $7.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 72361 | 6 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |